RALEIGH, N.C., June 5 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services
company, announced that it has purchased the assets and customers of a
residential company in Georgia, and a commercial and industrial hauling
company in South Carolina. The two transactions are projected to generate
approximately $8.0 million in annualized revenues.
The residential customers and assets acquired from W.A.D.E., Inc. in
Dallas, Georgia is a continuation of the company's west-Atlanta market
strategy providing services primarily to Douglas, Paulding and Cobb
Counties. The waste collected through this acquisition will be internalized
100% into the company's Grady Road landfill.
The company also acquired assets and customers from Grand Strand
Disposal located in Conway, South Carolina. This acquisition provides
commercial and industrial services to customers primarily in the Conway and
Greater Myrtle Beach market and will be integrated into the company's
existing Conway operation.
Ven Poole, Vice President, Corporate Development, stated, "We are
pleased to have closed these two deals in keeping with our long standing
strategic acquisitions plan. Both acquisitions bring with them outstanding
people, excellent equipment and valuable customers which will allow us to
further our goal to provide outstanding service at reasonable prices."
Waste Industries USA, Inc. is a vertically integrated solid waste
services company that provides collection, transfer, disposal and recycling
services to commercial, industrial and residential customer locations in
the states of North Carolina, South Carolina, Virginia, Georgia, Tennessee
and Mississippi.
This press release contains "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such because the statement will
include words such as the Company "expects," "believes," "anticipates" or
words of similar import. Similarly, statements that describe the Company's
future plans, objectives or goals are also forward-looking statements.
Forward-looking statements are subject to risks and uncertainties, such as
managing growth, risks in the development and operation of landfills, fuel
prices, weather conditions and economic trends that could cause actual
results to differ materially from those currently anticipated. Consider
these factors carefully in evaluating the forward-looking statements.
Additional information concerning factors that could cause actual results
to differ materially from those in the forward-looking statements is
contained from time to time in the Company's SEC filings. The
forward-looking statements made herein are only made as of the date of this
press release and the Company undertakes no obligation to publicly update
such forward-looking statements.
SOURCE Waste Industries USA, Inc.
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Related links:
http://www.waste-ind.com/
http://www.prnewswire.com/comp/120685.html/
CONTACT:
Carol Dalton of Waste Industries USA, Inc.,
+1-919-325-3000
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